US economy on solid ground as retail sales surprise on the upside

Sep 17, 2024 · Retail sales increased 2.1% on a year-on-year basis in August. Online store sales rebounded 1.4% after falling 0.4% in July. Sales at gasoline stations dropped 1.2%, reflecting …

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US Economy On Solid Ground As Retail Sales Surprise On The Upside

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Sep 17, 2024 · Retail sales increased 2.1% on a year-on-year basis in August. Online store sales rebounded 1.4% after falling 0.4% in July. Sales at gasoline stations dropped 1.2%, reflecting …

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US Economy On Solid Ground As Retail Sales Surprise On The Upside

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Sep 17, 2024 · A column chart titled "Monthly change in US retail sales" that tracks the metric over the last year. Retail sales rose 0.1% in August. A person pushes a shopping cart in a …

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Retail Sales Rise Again And Show U.S. Economy Still On Solid Ground ...

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Retail sales represent about one-third of all consumer spending and offer clues on the strength of the economy. Sales have risen at a modest 2.1% pace in the past 12 months. Before the …

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Sales At Stores Are Suddenly Surging In The US Economy’s Latest

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It is the economy’s latest show of strength in the face of several economic hurdles squeezing the US consumer. The Dow closed 555 points, or 1.4% higher, as investors cheered the retail …

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US Economy On Solid Ground As Retail Sales Surprise On The Upside

4 weeks from now

Sep 24, 2024 · Retail sales increased 2.1% on a year-on-year basis in August. Online store sales rebounded 1.4% after falling 0.4% in July. Sales at gasoline stations dropped 1.2%, reflecting …

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FAQs about US economy on solid ground as retail sales surprise on the upside Coupon?

How did the US economy perform in the second quarter?

The economy grew at a 3.0% pace in the second quarter. U.S. retail sales unexpectedly rose in August, suggesting that the economy remained on a solid footing through much of the third quarter. Retail sales increased 0.1% last month after an upwardly revised 1.1% surge in July, the Commerce Department's Census Bureau said on Tuesday. ...

How much do retail sales tell us about the economy?

Retail sales represent about one-third of all consumer spending and offer clues on the strength of the economy. Sales have risen at a modest 2.1% pace in the past 12 months. Before the pandemic, retail sales rose about 3.6% a year. Big picture: Consumers are spending more than enough to keep the economy growing. ...

Will retail sales support the economy in the first quarter?

Core retail sales correspond most closely with the consumer spending component of gross domestic product. Though spending probably slowed from the fourth quarter's brisk pace, it likely remained sufficient to support the economy in the January-March quarter. Growth estimated for the first quarter are currently as high as a 2.4% annualized rate. ...

Did US retail sales surge in July?

Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced economists’ expectations of a 0.3% gain. ...

Why did retail sales increase more than expected in March?

WASHINGTON (Reuters) - U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground. Retail sales rose 0.7% last month, the Commerce Department's Census Bureau said on Monday. ...

Why did retail sales not rise in August?

Sales at U.S. retailers barely rose in August in another sign consumers have tightened their spending as unemployment rises and the economy slackens. ...